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Nov 14, 2012
11/12
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i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits. you know, the only thing that separates the two parties is the democrats supposedly wanted to raise tax rates and the republicans want to raise the effective tax rate. so what's the hysteria about? there's no -- there shouldn't be any hysteria about the fiscal cliff. look, our deficit for fiscal october, the month, one month, was $120 billion. for one month. that's 22% higher than it was last year. that's the real fiscal cliff, not this rouge we're worried about. >> you know, we heard from the president now for the first time. it seems like the president is digging in. everybody of's digging in. it feels like a dÉjÀ vu to me. i'm hoping we get a compromise, but are we still talking about ideologies that are leading things? are we ever going to get an agreement? do we just go over it? what are the implications? >> who's that to? >> rick santelli. >> well, listen, i never was a believer that after this preside
i don't think anybody in washington, d.c. has the meatballs or spaghetti to care about cutting our debt and deficits. you know, the only thing that separates the two parties is the democrats supposedly wanted to raise tax rates and the republicans want to raise the effective tax rate. so what's the hysteria about? there's no -- there shouldn't be any hysteria about the fiscal cliff. look, our deficit for fiscal october, the month, one month, was $120 billion. for one month. that's 22% higher...
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Nov 13, 2012
11/12
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we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four points. off of the worst levels, by the way. s&p 500 is up about 3 3/4 points at 1383. >> in today's "closing bell" exchange, we have carol roth, bruce mccain, and our own rick santel santelli. rick, i'm going to start with you today because we see that stutter step opening in the u.s. stock market. some of that could be attributable, i guess, to the plunge in spanish ten-year yields when rumors got out that maybe spain was going to ask for a bailout from the ecb. while we obsess so much on the fiscal cliff, the markets are paying close att
we have a roreport from washington. then, more on how this story is shedding light on how anything you write can be accessed. pretty scary stuff and something to think about. >> really. in the markets right now, fractional gains right now. the dow jones industrial average off the best levels of the afternoon, but still showing a gain of about 17 points. looks like investors wait and see until we get some solutions on the fiscal cliff. nasdaq is negative by a fraction. down about four...
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Nov 13, 2012
11/12
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we're going to ask him about his recent attacks on washington, d.c. he is blaming the people inside the beltway, partially for a rough quarter but partially for a very opaque atmosphere for which he is finding it difficult to run businesses and he's hearing from his customers. what does he say about the atmosphere right now? but first in a few minutes, i speak with the businessman of all businessman, sir richard branson the founder and chairman of the virgin group about what it is like to run and grow multiple billion dollars businesses in this environment. he is the fourth richest man in the u.k., but who cares about that, he is one of the gutsiest businessman ever to have lived. he started one tiny business in a basement when he was 16 years old. look at him now, cheryl. an amazing story. cheryl casone is in new york. she will be guiding you through the last hour of trading. how are things looking? cheryl: things a r looking a bit better -- things are looking a bit better. we have a very mixed picture for markets at this hour as we move into the clo
we're going to ask him about his recent attacks on washington, d.c. he is blaming the people inside the beltway, partially for a rough quarter but partially for a very opaque atmosphere for which he is finding it difficult to run businesses and he's hearing from his customers. what does he say about the atmosphere right now? but first in a few minutes, i speak with the businessman of all businessman, sir richard branson the founder and chairman of the virgin group about what it is like to run...
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Nov 19, 2012
11/12
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washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market. you can look at a chart overlaid with the stock market. we were following themmer earlier, especially with the opening you describe, then it started to fall off. treasury market seems unimpress unimpressed. i'm in agreement with art, which is a good thing because art is mostly right, that is, nobody's driving the car from a political standpoint. that's the only time i can say a car without a driver is a safer car to be in. the market is reflecting that. if you want to look at something to give you a good clue, watch the euro relationship with our
washington is a ghost town. the president's out of country -- >> those are good things. >> congress is not coming back until next week. no one will go before the cameras and jeopardize the cliff. the only file you have to run is the kum-bi-ya moment after the meeting. they said nothing across the pond will hurt us, let's buy here. >> no sense of urgency right now. does the market feed off that? is that what's going on here? >> i continue to look at the treasury market....
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Nov 15, 2012
11/12
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the mood on wall street is much like in washington, indecisive. stocks are off session lows despite continued concerns about the fiscal cliff, the eurozone recession, all the usual suspects. right now the dow after a zigzag kind of day is down 53 points. earlier down as many as 70 points. about a 100-point range today. since the election, the dow has wiped out roughly 5% of its value. maria. >> all right. thank you so much, bill. this market is down about 5% since the presidential election. of course, worries and uncertainty about whether or not we'll go over the fiscal cliff largely viewed as the main culprit as well as the uncertainty over where tax rates will be. my next guest says we are going off of the cliff. joining me now is mario cabelli. he joins me here at the schwab impact conference in chicago. >> maria, my privilege. >> let's talk about it. your take on the markets and fiscal cliff. i want to begin there. >> it's pretty simple. in september of '08, the market went down when they couldn't prove the t.a.r.p., and you watched it on tele
the mood on wall street is much like in washington, indecisive. stocks are off session lows despite continued concerns about the fiscal cliff, the eurozone recession, all the usual suspects. right now the dow after a zigzag kind of day is down 53 points. earlier down as many as 70 points. about a 100-point range today. since the election, the dow has wiped out roughly 5% of its value. maria. >> all right. thank you so much, bill. this market is down about 5% since the presidential...
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Nov 7, 2012
11/12
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eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated deal-making process, the kind of which he engaged with the president back in the summer of 2011. they weren't able to get the deal done then, but boehner seemed to be saying just here that he's willing to go back and renegotiation there and very conciliatory there at the end with the language to the president, mr. president, we are willing to be led. that's not the kind of rhetoric you heard from house republicans last summer, last year, before this election. so maybe there is a moment here post-election where things can change. i do want to add that harry reid, the senate democratic leader, was up on cap
eamon javers is there in washington -- i think you're in washington. do you go back already? >> i did. i'm here in washington already. >> what did you make? >> the news here is speaker of the house john boehner is putting new revenues on the table. he's saying here that what he doesn't want to see is simply letting the bush tax cuts for those over $250,000 expire. that's the president's plan. what boehner here is signaling is he's willing to engage in a much more complicated...
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Nov 27, 2012
11/12
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he doesn't -- this is why they sent him to washington. he doesn't want to sell them out in that regard. >> i don't know what that means. >> but you get politicians behind closed doors, and they might say something different. i don't know. where are we? the market is selling off. we're going back to the loes of the session. we were down over 80 points earlier. now down 77 on the dow. >> our next guest seeing any market pullback as an attractive buying opportunity. that's ahead. that bullish call up next. i could use a little optimism. >> is it a full moon today? there's something going on. >> it might be. >>> later, playing the lottery. it you're doing that, listen up. we have $500 million worth of advice. how you can minimize the potential taxes that could be much worse because of the fiscal cliff. that's coming up later on the "closing bell." [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the a
he doesn't -- this is why they sent him to washington. he doesn't want to sell them out in that regard. >> i don't know what that means. >> but you get politicians behind closed doors, and they might say something different. i don't know. where are we? the market is selling off. we're going back to the loes of the session. we were down over 80 points earlier. now down 77 on the dow. >> our next guest seeing any market pullback as an attractive buying opportunity. that's ahead....
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Nov 9, 2012
11/12
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we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports overnight. then we did manage to confirm this and get the announcement that the cia director sent to the work force today. he says that he went to the white house and asked the president to be allowed for personal reasons to resign, that after 37 years of marriage, he showed, in his words, extremely poor judgment by engaging in an extramarital affair. he writes, such behavior is unacceptable as a husband and as the leader of an organization such as ours. this afternoon the president graciously accepted my resignation. he says as i depart, i want you to know it's been the gre
we want to pursue more of this developing story out of washington. the sudden resignation of general david petraeus as the director of the cia. that resignation being accepted by the president a wile ago. general petraeus admitting to an extramarital affair as a result of all of this. we're joined by our nbc news colleague andrea mitchell with more on this. what can you tell us at this point? >> it was as shocking to me as to everyone else in washington. i was hearing the reports...
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Nov 28, 2012
11/12
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all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidel can i help you? i heard you guys can ship ground for less th
all based on the rhetoric out of washington. >> unfortunately. green mountain coffee shares are rallying after posting blowout numbers. herb greenberg isn't buying into the hype. why he's still bearish on the stock, next. >>> the powerball jackpot now at $550 million. no matter who wins, states are going to rake in a lot of money from ticket sales. somebody here says new york and new jersey should use those funds to rebuild their states from the devastation of superstorm sandy....
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Nov 26, 2012
11/12
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does it make you feel like they have more kum-bi-ya going on in washington, d.c.? does it make you more willing to invest? >> i'll tell you what. i saw spielberg's "lincoln" over the weekend and it was incredible because it reminded me how nothing has changed on capitol hill. >> i agree with you 150%. >> in 150 years. >> don't you get tired of everybody saying, oh, washington is a mess right now. it's never been this bad. it's always been this bad. you see that in the movie. >> well, we had a civil war in the -- >> some say it's never been worse. it's been worse. >> go ahead, bill. do you think they can pull this off? >> the one thing it reminds us is you shouldn't bet on anything. we should bet on volatility. we could bet on the doomers and gloomers, y2k and here we go again. the whole name of success is to have a repeatable process on how to deal with investing. whether it's in stocks, bonds, gold, doesn't matter. have a plan, a strategy, have consistency. it's going to be volatile in every single asset class through the end of january. >> lee, you say as an inve
does it make you feel like they have more kum-bi-ya going on in washington, d.c.? does it make you more willing to invest? >> i'll tell you what. i saw spielberg's "lincoln" over the weekend and it was incredible because it reminded me how nothing has changed on capitol hill. >> i agree with you 150%. >> in 150 years. >> don't you get tired of everybody saying, oh, washington is a mess right now. it's never been this bad. it's always been this bad. you see that...
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Nov 29, 2012
11/12
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there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day long wae've been hearin from both party sides. i can imagine we'll hear the same thing from nancy pelosi, the minority leader in the house. >> i think you're right. obviously the democrats have been saying the republicans aren't serious. the republicans have been saying the democrats aren't serious. i've been trying to get a sense of what she might say. they're very aware the movements if the market today have been very much pegged to what these members of congress are saying. whenever whatever we hear her say, you can be very sure she's saying it intentionally and clearly and be aware it might have a market impact. t
there's a live shot of the podium in washington. we are waiting for nancy pelosi to come out to discuss her meetings today on the fiscal cliff. timothy geithner out speaking with ms. pelosi among others talking about ways these two sides can come together. as soon as nancy pelosi takes to the podium, we'll take you there live. >> eamon javers standing by there in washington. what can we expect to hear from her? all day long wae've been hearin from both party sides. i can imagine we'll...
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Nov 21, 2012
11/12
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the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for the marines. they have hit the new york stock exchange. it's an annual tradition. >> once a marine, always a marine. >> they will be here ringing the closing bell to kick off the annual toys for tots campaign. and there's a famous bell ringer himself joining us here at the new york stock exchange. of course, the marines and all of the armed forces always get a big hand when they come to the floor of the new york stock exchange. we're very glad they're with us today. what are you going to buy here? do you feel we've seen the lows for the year here? >> i think that right now the market's realized we're goi
the problem is with washington there's nothing fundamental here. it's all emotional. that's the big uncertainty. if we can solve that problem, i think we're on the way. >> but can we solve it? >> i think we can. i actually think the fiscal cliff -- they won't solve all the problems, but the fiscal cliff will turn out to be more like a ditch. if they can solve most of the problems, i think the markets are okay. >> got some clapping going on here. >> the applause it for...
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Nov 30, 2012
11/12
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we got a lot going on here in washington this week. a lot of horse trading. we dealt with a lot of the spee speech. the white house is saying they'd like to see $1.6 trillion in tax increases up front here. they'd like to continue the payroll tax credit. they want a permanent increase in the debt limit and a one-year extension of expanded jobless benefits. they want at least $50 billion in spending as a stimulus to the economy. that was the white house ask that prompted that laugh from mitch mcconnell when tim geithner gave it to him yesterday. today in an interview with "the wall street journal," mcconnell floated his own balloon of what he'd like to see. here are some of the elements. mcconnell saying they want changes to entitlement eligibility. they would agree to more tax revenue, yes, but not higher rates. only if they get the revenue through changing deductions and other things like that. they say the white house is almost comical here. the key is means testing of these entitlement programs and age extensions for retirement, particularly, obviously, wi
we got a lot going on here in washington this week. a lot of horse trading. we dealt with a lot of the spee speech. the white house is saying they'd like to see $1.6 trillion in tax increases up front here. they'd like to continue the payroll tax credit. they want a permanent increase in the debt limit and a one-year extension of expanded jobless benefits. they want at least $50 billion in spending as a stimulus to the economy. that was the white house ask that prompted that laugh from mitch...
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Nov 12, 2012
11/12
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we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today because of the veterans day holiday. not a lot of direction for the markets today. up a point and change for nasdaq. at 2906. apple and microsoft sort of impacting the market today. the s&p 500 is up 1 1/2 points at 1381. less than an hour to go, let's talk with stocks in the green. can we manage to kick off the week in a positive note after last week's big losses? uncertainty over the resolution of the fiscal cliff is going to see for the foreseeable future, until the end of the year, as investors weigh what to do about that. what is the investor to do now that the markets get out of the way? >> we have chris l
we'll have the latest on the fiscal cliff fiasco coming out of washington. >> will america soon be the new saudi arabia when it comes to oil? it's not science fixction. it's happening quicker than what you might think. what will it do to gas prices at the pump? >> it is very good stuff. right now the markets hoping to start the week off on a positive note after that rough go since the election last week. the dow up just 12 points. again, very light volume. no bond trading today...
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Nov 8, 2012
11/12
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we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> welcome back. a little over 30 minutes left on the trading session. if you're just joining us, time to get a quick sta
we'll get his reasoning on that and get a bull/bear debate going. >>> plus, can washington rise above and come together before we drive off the fiscal cliff? why some fear it cannot. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it...
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Nov 16, 2012
11/12
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in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be so stupid as to go over the cliff, then i think you'll see the market really crash. >> well, so what is larry cantor at barclays telling his clients? for you, this is partly a timing issue. if it does take a long time, if we do go to the brink t would be worse for the markets, don't you think? >> absolutely. and it could well do that. one thing i want to point out here is cliff is actually a bad word. people seem to think over $600 billion of tax increases and spending cutting are going to hit the economy all at once on january 1st. that's not true. the 6
in the meantime, can washington deliver a deal? investors seem a bit more hopeful today after comments from congressional leaders this morning. the market indeed turn around when they spoke. >> yes, however, erskine bowles, the foreman debt commission co-chair, one of the arkt tects of the simpson/bowles plan, told maria yesterday he still has real concerns. listen. >> if we get over the cliff, we don't have a deal, and the market doesn't anticipate that we're actually going to be...
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Nov 20, 2012
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. >> eamon javers in washington has the latest details here. >> hi, bill. yesterday i was in an empty hallway here on capitol hill. today we have an empty stairway here. just a couple tour groups up here. otherwise, it's pretty dead here. that's because most lawmakers are already home for thanksgiving break here in washington. the staffers who are here have come up. it's a relaxed day. behind the scenes, we're getting information that we're seeing some movement within the republican party in terms of the grover norquist anti-tax pledge. a couple prominent lawmakers have said that they don't necessarily any longer agree with the pledge that they themselves signed. some of those lawmakers include senator john mccain of arizona, tom coburn of oklahoma, and senator lindsay graham. take a look at this quote. this is what lindsay graham told his hometown newspaper just yesterday. he said, i signed it, meaning the pledge, in 2002. i'm not signing anymore pledges. i'm just going to take an oath to the constitution. i ain't signing no more pledges. that's what linds
. >> eamon javers in washington has the latest details here. >> hi, bill. yesterday i was in an empty hallway here on capitol hill. today we have an empty stairway here. just a couple tour groups up here. otherwise, it's pretty dead here. that's because most lawmakers are already home for thanksgiving break here in washington. the staffers who are here have come up. it's a relaxed day. behind the scenes, we're getting information that we're seeing some movement within the republican...
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Nov 28, 2012
11/12
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just urging washington to do the right thing whether it is simpson-bowles, john boehner and harry reid, everybody getting together. let's get on with it. liz: you got back from my plays were trying to lure jobs from a software company, any luck on that front? >> to have a strong presence in rhode island which they acquired in long island and we want them to stay and grow me very productive meeting face-to-face with the ceo of. that is always a good idea to have a face-to-face meeting. liz: i know we have to go, but quick question, are you preparing two separate budgets for the inevitability? >> of course. those are the types of cuts we really cannot afford them. we have been through tough times in long island and across the country, of course the loss of the stimulus money when i came in we had a big deficit we had to overcome. having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exc
just urging washington to do the right thing whether it is simpson-bowles, john boehner and harry reid, everybody getting together. let's get on with it. liz: you got back from my plays were trying to lure jobs from a software company, any luck on that front? >> to have a strong presence in rhode island which they acquired in long island and we want them to stay and grow me very productive meeting face-to-face with the ceo of. that is always a good idea to have a face-to-face meeting....
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Nov 30, 2012
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there will be a whole lot of the same if washington continues to come back with nothing. liz: volume has been below. lincoln. maybe i misspoke, actually. you see how the dow continued to do -- the grade. >> certainly washington has been the focus this week. what i think you are alluding to is absolutely right. if you look at what has been happening at the consumer discretionary, there it is. you are seeing companies punished and punished pretty severely. you will continue to see that as we work through the third quarter numbers. even though we saw significant upticks, that is really getting expressed in the markets here. seeing them trade sideways off of that bounce. also the 1350 level on the s&p. liz: the energy market isn't exactly trading sideways. you have crude oil above $88 a barrel. >> they bought crew today. i think natural is oversold. short term, short-term, i have been bearish on natural gas for quite a few months. i think this is the low we will see for another week. >> oil at a $90 level. people may have been sort of like you. is that trade over if it does i
there will be a whole lot of the same if washington continues to come back with nothing. liz: volume has been below. lincoln. maybe i misspoke, actually. you see how the dow continued to do -- the grade. >> certainly washington has been the focus this week. what i think you are alluding to is absolutely right. if you look at what has been happening at the consumer discretionary, there it is. you are seeing companies punished and punished pretty severely. you will continue to see that as...
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Nov 14, 2012
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they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustainable. investors have to have that degree of confidence before they can move. the other issue that's big for investors is tacxes. investors don't know what's going to happen, and they're not likely to put money to work until they have a better idea of the future. >> if you have dividend taxes going from 15% to 43%, because we know that under the umbrella of the fiscal cliff, dividend taxes go to ordinary income levels. that's 39.6%. so you add 39.6% with the health care tax, you're coming up with 44% dividend, taxes. do y
they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path...
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Nov 29, 2012
11/12
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sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from raising taxes, but you haven't cut spending. you're just putting off another disaster. it's so obvious you should raise the retirement age in the united states. there are easy, noncontroversial things. >> we're living until 100 now. we still vice president chanhad retirement age. >> i think $250,000 is a joke. if you have three kids in college, you're lost at $250,000. you can't afford to pay for your house and your kids' college. that's no longer rich in the united states. >> look, let's be honest. the average income, i guess, is $40,
sense has left washington. you have to come up with spending cuts. i think those of us that will be targeted in a tax hike, which i don't consider a tax hike, really. i think the payroll tax cut, which didn't really work, it didn't boost the economy. also, the rising capital in income tax rates is acceptable, but only if the democrats get serious about cutting spending. >> so far, we haven't seen any real ideas in terms of -- >> it's a joke. it's a joke. you get more revenue from...
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Nov 12, 2012
11/12
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a quieter start to the week on wall street as markets debate how washington will avoid that fiscal cliff and going over it. will the markets wait for a deal or are investors already taking action into their own hands? let's get to our panel, david dahl, mark travis, and robert zagunis will join us in a moment. good to have you on the program. david, let me begin with you. how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et cetera? >> always good to be back with you. we've been defensive. we've looked for opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laug
a quieter start to the week on wall street as markets debate how washington will avoid that fiscal cliff and going over it. will the markets wait for a deal or are investors already taking action into their own hands? let's get to our panel, david dahl, mark travis, and robert zagunis will join us in a moment. good to have you on the program. david, let me begin with you. how are you invested right now amidst all of these issues pertaining to the fiscal cliff, higher tax rates in 2013, et...
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Nov 23, 2012
11/12
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we are talking about washington. >> i don't think anybody will blink yet in washington. another month left will stretch us out as long as possible. when we come here is a day-by-day market. one day everyone is buying into amanda knox data could be a headline out of washington where everyone is trying to get out real quick. too many uncertainties heading into the year or the first quarter next year so investors will look at this as a day-by-day trade but we can't forget the other factors out there. the fiscal cliff, we will get our normal calendar of economic data and still get headlines out of europe. still lot of things will move the market. i traditionally think we see a run up toward the end of the year. cheryl: a lot of traders bring their families on the floor of the stock exchange, thanks. let's go to the nymex where we have anthony with us. i want to talk about commodities. in particular goal. it has been such a safety play for so long. it was of four months or so but we're getting a little more interest in gold. is that europe or the fiscal cliff? >> a combinatio
we are talking about washington. >> i don't think anybody will blink yet in washington. another month left will stretch us out as long as possible. when we come here is a day-by-day market. one day everyone is buying into amanda knox data could be a headline out of washington where everyone is trying to get out real quick. too many uncertainties heading into the year or the first quarter next year so investors will look at this as a day-by-day trade but we can't forget the other factors...
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Nov 29, 2012
11/12
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looking at washington, putting earnings season besides us. all coming down to the last 32 days of the year and what is its going to happen in washington. anytime we hear anybody making any comments, it is going to move the market. like you saw on that chart, who is saying what and when, clearly that shows it is all about getting in front of the camera, getting out in front of the public making sure the public understands where everybody stands. they will stretch this one out as long as they can, the drummer will unfold, we will watch the miniseries play out on live tv. it will come to the same path and figure it out before the end of the year. tracy: we should have our viewers name the intraday chart. i cannot believe this, 32 days, we have to live with this war true fundamentals, make your picks. >> this is an unusual market. i thought they for sure flush away harder than they did leaving me to think that the market is believing something is coming. each drop a little bit lower than the previous one leading me to believe the market believes
looking at washington, putting earnings season besides us. all coming down to the last 32 days of the year and what is its going to happen in washington. anytime we hear anybody making any comments, it is going to move the market. like you saw on that chart, who is saying what and when, clearly that shows it is all about getting in front of the camera, getting out in front of the public making sure the public understands where everybody stands. they will stretch this one out as long as they...
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Nov 19, 2012
11/12
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so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but toward the end of the year, we'll test higher. >> do you believe this is a rise above rally? do you believe it won't hold? >> it's going to be very choppy. what bill mentioned about the 200-moving day rally, there's a sentiment when the market gets to a certain point, we're starting to see that, certainly with the clients we're talking to. yes, huge fear about the fiscal cliff but also is in the back of their mind fear about missing rally. they've already missed the rally in many cases. clients that have been sitting in cash. i think there is some bounce on this market. wheth
so, the markets say, hey, maybe they'll work things out in washington. the unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. >> this is not a new phase here -- >> you can look at volume, behavior of the trading and it looks like we'll have a little more of a lift. we've broken through a level that held nicely. started to lift onto the tail end of the day. i think if we can get a little closer to the tail end, but...
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Nov 16, 2012
11/12
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peter barnes with the details from washington, d.c. anybody talk abou but it's hurtg the housing market overall? >> not yet, liz. i did not get that. most if we will have a trifecta with the housing bailouts because of course we had fannie mae, freddie mac about $187 billion from the treasury, now they could need help from the treasury. the agency ensures a trillion dollars in riskier mortgages with very low down payment mainly for first-time homebuyers and an annuaand a manual audit d today found agency has 16.3 early in dollars capital because of mortgages going bad. the fha is downplaying the possibility of the bailout state expects to have $11 billion in new capital from new business in the year ahead and this is where it might have an impact on the housing market. it also announced a slight increase in fees to date which would raise the cost of borrowing slightly, not a whole lot, they say about $13 per month. as well as some other new steps and other reforms to improve the finances. the agency hopes all this will put the capital
peter barnes with the details from washington, d.c. anybody talk abou but it's hurtg the housing market overall? >> not yet, liz. i did not get that. most if we will have a trifecta with the housing bailouts because of course we had fannie mae, freddie mac about $187 billion from the treasury, now they could need help from the treasury. the agency ensures a trillion dollars in riskier mortgages with very low down payment mainly for first-time homebuyers and an annuaand a manual audit d...
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Nov 19, 2012
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charlie gasparino has the latest chatter from washington on the all important budget negotiations. charlie? >> listen, this is my -- adjust my tie a bit here. liz: you just ruined it. >> thank you. liz: you are welcome. >> you know you owe me. you know, this is my unofficial survey of washington, republican staffers and what they tell me is this, that yes, the republicans are essentially ready to throw in the towel on this thing. liz: some people look at it as throwing in the towel, others look at it as compromise. >> maybe, but they know that the polls are against them. now the question is, what is the compromise? what exactly is throwing in the towel? what we're hearing is increasingly is something like a millionaire's tax on the upper -- not hitting it at 250, combined income of 250, but doing it at a combined income of a million. save a lot more small businesses. listen, somebody, a family of four that makes $250,000 that lives in long island is not warren buffett. they are not millionaires and billionaires. liz: of course not no. warren buffett would say they are not warren bu
charlie gasparino has the latest chatter from washington on the all important budget negotiations. charlie? >> listen, this is my -- adjust my tie a bit here. liz: you just ruined it. >> thank you. liz: you are welcome. >> you know you owe me. you know, this is my unofficial survey of washington, republican staffers and what they tell me is this, that yes, the republicans are essentially ready to throw in the towel on this thing. liz: some people look at it as throwing in the...
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Nov 27, 2012
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the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled them. representatives go back to their home states during a thanksgiving holiday. do you think they got an earful? get something done, compromise, do something, or stand your ground. what do you think the message was? >> yes, i do think they did. it's not a stand your ground message. somebody said the other day about the election that neither party got a mandate coming out of the election. what they got was a work order to get the job done. i think that's what john boehner's constituents are telling him. that's what all the other congressional leaders are hearing from their people. n
the fiscal cliff is an abstraction to some degree here in washington. they're just behind me at the white house. representatives are meeting with white house officials now. in southwest ohio, john boehner's district north of cincinnati, a tip back into recession would bring very real economic pain. >> oh, i thought -- you did that so well, john. i thought you were leading up to a tape soof some kind. >> i was leelding ileading up f some kind, it's not rolling. >> you fooled...
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Nov 14, 2012
11/12
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how worried is washington about another downgrade of u.s. credit if they don't reach a deal before falling off the edge of the fiscal cliff? charlie gasparino has a surprising answer coming up next. liz: here is your fox business market check. utilities sector down nearly 1% today and as you can see with the dow jones industrial getting hammered down 159, close to session lows. here's the spider utilities index, down $0.24. a tough day. check out these stocks hitting 52-week lows. con ed reporting sandy restoration cost up to $500 million. it had some of the con ed blowing up, a disaster as you can imagine. how worried is congress and the president about another ratings downgrade of the u.s. credit if they fail to put together a budget deal for the mounting debt? goldman sachs had, charlie gasparino. >> i did not hack in, i got a number and i called the number and it worked. it was really good. former democratic senator from louisiana, former republican from mississippi spoke pretty candidly. he did not take questions, goes like the moderato
how worried is washington about another downgrade of u.s. credit if they don't reach a deal before falling off the edge of the fiscal cliff? charlie gasparino has a surprising answer coming up next. liz: here is your fox business market check. utilities sector down nearly 1% today and as you can see with the dow jones industrial getting hammered down 159, close to session lows. here's the spider utilities index, down $0.24. a tough day. check out these stocks hitting 52-week lows. con ed...
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Nov 15, 2012
11/12
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is a deal in washington what investors are waiting for to get back into the game? joining me now is ben pace from deutsch back private wealth management, scott collier and our own mandy drury. good to see everybody. ben pace, what is behind this selling, and when will it end? what's your take? >> i don't think it's really economic right now, maria. i think it's pretty political. every pronouncement we've heard over the last four, five days has decreased the likelihood we're going to have a quick resolution of bargaining that has to happen in washington. again, it has to happen. it increases the likelihood that we fall off the cliff for lack of a better term. we still don't think that's over the 50% probability. it was probably 25 to 30 mow. that's why the markets are where they are. they're starting to hit levels now where they're looking attractive from a dividend yield perspective, distance from our targets at year end, they're starting to look more attractive at the 1350, 1355 level. >> so you would put money to work at that 1355 level on the s&p 500? >> this is
is a deal in washington what investors are waiting for to get back into the game? joining me now is ben pace from deutsch back private wealth management, scott collier and our own mandy drury. good to see everybody. ben pace, what is behind this selling, and when will it end? what's your take? >> i don't think it's really economic right now, maria. i think it's pretty political. every pronouncement we've heard over the last four, five days has decreased the likelihood we're going to have...
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Nov 16, 2012
11/12
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steve handelsman there in washington. thanks very much. >> a lot of questions with answers unfilled. thank you very much. >>> ding dongs, no more. twinkies are toast. >> did you ever have a twinkie? >> i had my first one this week. >> i thought so. you had that whole closet there. >> i did not grow up with those iconic brands in australia. well, hostess brands is going out of business because one-third of its 18,000 workers failed to reach a deal with management. why did the union give up lower paying jobs for no jobs at all? we'll have that debate next. >> looking forward to that. >>> also ahead, did you camp out to see the last "twilight" movie? as the final film hits the series, lionsgate is hoping for another wave of popular receipts. we'll have the lionsgate trade coming up. >>> also, how do you profit from poverty and feel good about it? meet the man doing just that. we'll explain. what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. we have so much tec
steve handelsman there in washington. thanks very much. >> a lot of questions with answers unfilled. thank you very much. >>> ding dongs, no more. twinkies are toast. >> did you ever have a twinkie? >> i had my first one this week. >> i thought so. you had that whole closet there. >> i did not grow up with those iconic brands in australia. well, hostess brands is going out of business because one-third of its 18,000 workers failed to reach a deal with...
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Nov 9, 2012
11/12
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i hope it's reciprocated by washington. >> you know, i was struck by the talk on capital on the fact that, you know, jpmorgan has to have this 2.5% buffer while, you know, bank of america has 1.5%. others have even lower than that. marty, what's your take on that? >> yes, you have to separate out this sifi impact, which is solely related to the international significance of a company. this isn't related to the quality of the company, the riskiness of the company. this is just their entanglement to the international economy. jpmorgan and citigroup are international firms. that's why they got the bigger level. when they get through the c car process, it's more about risk management. that's where they get the benefit and come out with a stronger result. >> also interesting to hear him suggest that we're not going to see big layoffs at jpmorgan. we just saw that huge layoff announcement. a lot of the investment banks continue to talk about head count reductions. >> well, jpmorgan continues to be one of the strongest banks in the world. they're able to grab market share. i think jamie is
i hope it's reciprocated by washington. >> you know, i was struck by the talk on capital on the fact that, you know, jpmorgan has to have this 2.5% buffer while, you know, bank of america has 1.5%. others have even lower than that. marty, what's your take on that? >> yes, you have to separate out this sifi impact, which is solely related to the international significance of a company. this isn't related to the quality of the company, the riskiness of the company. this is just their...
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Nov 21, 2012
11/12
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can the folks in washington make a deal before the end of the year? what should you do with your money if the u.s. goes over the fiscal cliff? take your portfolio global. he is back after the break with his best money-making ideas. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing. this is the age of taking action. viagra. talk to your doctor. cheryl: here is your fox business market check. the worst performing sector by far today, utilities. of the 31 utility stocks in the s&p 500 only one stock is higher today. among the
can the folks in washington make a deal before the end of the year? what should you do with your money if the u.s. goes over the fiscal cliff? take your portfolio global. he is back after the break with his best money-making ideas. [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an...
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Nov 26, 2012
11/12
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>>> the other big story in washington, a shakeup at s.e.c. eamon javers joins us with details. >> a lot of changes at s.e.c. mary schapiro is out. she'll be leaving on december 14th. president has designated a successor to her, elisse walter. cnbc has been talking to a lot of different folks here trying to get some information about who might then succeed elisse walter who is expected to finish out mary schapiro's term. one name i want to throw out is the white house is talking to sallie krawcheck about a few different roles, including chairman of s.e.c. she's worked at bank of america and citi and other places on wall street as well. that's one name to keep an eye on, bill. back to you. >> very interesting. eamon, thanks very much. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ce
>>> the other big story in washington, a shakeup at s.e.c. eamon javers joins us with details. >> a lot of changes at s.e.c. mary schapiro is out. she'll be leaving on december 14th. president has designated a successor to her, elisse walter. cnbc has been talking to a lot of different folks here trying to get some information about who might then succeed elisse walter who is expected to finish out mary schapiro's term. one name i want to throw out is the white house is talking...
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Nov 8, 2012
11/12
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will washington get its act together and work together to fix the fiscal cliff? we have a former economic advisor to president's reagan and bush. jared bernstein is former economic advisor to vice president joe good to see you both. thank you so much for joining us. diana s delaying everything really the best option here? i don't think that's what voters want. what do you think? >> well, i think it is. i think the majority of voters don't want taxes to increase. that's why john boehner has such a large majority of republicans in the house of representatives almost probably more americans voted for republican members of the house of representatives than for president obama. he does not have a mandate to raise taxes. >> jared? >> if we postpone it -- go ahead, jared. >> no, please. go ahead. >> if we postpone the tax hikes and the spending cuts for a year, it'll give congress a chance to do some fundamental tax reform that will not hurt the economy, that will bring in more revenues that will make everything more efficient. >> jared, what do you think? does going ov
will washington get its act together and work together to fix the fiscal cliff? we have a former economic advisor to president's reagan and bush. jared bernstein is former economic advisor to vice president joe good to see you both. thank you so much for joining us. diana s delaying everything really the best option here? i don't think that's what voters want. what do you think? >> well, i think it is. i think the majority of voters don't want taxes to increase. that's why john boehner...
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Nov 13, 2012
11/12
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>> i would say i'm concerned i'm seeing a lot of political theater going on in washington and so i -- it looks like we're going to be playing that brinksmanship game, and it could well go into next week. >> it really does feel that way. lath, any thoughts on what prompts the bottom this week? is it just a technical impact that you're looking at? >> yeah, i don't think the market can really push down a lot more. there's too much risk i think of being out of this market because we've seen all year long being out bernanke, as anybody can come out and say something. >> right. >> the market rockets back up 2 2%, 3% in one day. >> cisco a big winner in after hours trading session. revenue of
>> i would say i'm concerned i'm seeing a lot of political theater going on in washington and so i -- it looks like we're going to be playing that brinksmanship game, and it could well go into next week. >> it really does feel that way. lath, any thoughts on what prompts the bottom this week? is it just a technical impact that you're looking at? >> yeah, i don't think the market can really push down a lot more. there's too much risk i think of being out of this market because...
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Nov 7, 2012
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he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the senate. maria. >> that's really extraordinary. i guess, you know, the question is, was it a waste of money for these guys? apparently it was. >> a lot of people will ask, you know, what else could linda mcman have done with that $100 million? she could have done a lot of things. i think they would say they probably impacted the debate, discussion. who knows whether they could have won or lost. if you ask them, it was probably money well spent. although, they're not feeling very good today. >> right. just to get their voice in the conversation. >> exactly. >> rober
he didn't go to washington even though he spent $17 million trying. then there was joe kors in colorado. he certainly had name recognition. he's from the coors beer family. his money wasn't enough to unseat the incumbent there. do voters just dislike the wealthy? that's one theory. the 2010 elections saw most rich candidates fail. the other theory is that these candidates just are not electable. wealthy or not. money can do a lot of things, but apparently it can't guarantee you a seat in the...
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Nov 30, 2012
11/12
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>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens, everything is going to flip the other way. i'd like to find a way to play the market, but i think for long-term investors, valuation gets more and more important. the more you stretch things out. the key thing people are miss -- i agree with rick, the economy is not that strong, but it is still growing steadily and valuations are so extreme that you know which way the money is going to go when things settle down. i just wouldn't want to be on the wrong side of that trade. >> stephanie, that's basically the way you feel. you have sort of opportunities out there. how do you see it, stephanie? >> i think
>> well, the problem is i don't trust anything that's coming out of either side if washington. you never lead with your best offer, your best and final offer. clearly, they're just playing this dance here. the problem is for an individual investor, you could get out, try and make some increased volatility. try and bet on treasurietreasur. as soon as boehner and obama walk out of the white house, which i believe they'll do at some stage over the next month, as soon as that happens,...
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Nov 20, 2012
11/12
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here's what we know, we hear from our sources in washington, these are good sources, they're getting this directly from the legislative leaders themselves or the staffers on the various committees that the republicans appear willing to raise taxes on the wealthiest part of the deal, the upper brackets are clearly on the table. on the table in a way that if i was to say a betting man right now, you know, there's going to be some tax increase for 250 and above. liz: i say a million. >> there's going to be a tax bracket increase. here's where the republicans are looking to cut their deal. they are looking to cut a deal on other taxes, if they agree to that, will the democrats scale back on maybe dividend taxes and the tax i hear on the table, big-time for republicans is amt. alternative minimum tax, talking about a big number of people getting brought in, they are looking to scale that back. and that's where we are right now. the deal with the republicans i hear want to do is something to appease the tax hawks, like the grover norquists. let's see where that upper bracket is. i hear it
here's what we know, we hear from our sources in washington, these are good sources, they're getting this directly from the legislative leaders themselves or the staffers on the various committees that the republicans appear willing to raise taxes on the wealthiest part of the deal, the upper brackets are clearly on the table. on the table in a way that if i was to say a betting man right now, you know, there's going to be some tax increase for 250 and above. liz: i say a million. >>...
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washington, d.c. down the east coast across the sun belt and back up to washington, d.c. we're fine. our thoughts and prayers with my mom in philadelphia and everybody in the northeast struggling with this weather. liz: we appreciate that, mike. mike jackson, the ceo of autonation, the chairman as well. it is good to see you. the stock on an unbelievable tear over four years, up 530%. up 23% year over year. when we come back, much more ahead. we have a weaker market still. but not at the lows of the session. stay tuned. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, doeshat make a difference ? it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticng with verizon. verizon. more 4g lte coverage than all other networks combined. liz: here's your fox business market check. even though the skies are snowing a
washington, d.c. down the east coast across the sun belt and back up to washington, d.c. we're fine. our thoughts and prayers with my mom in philadelphia and everybody in the northeast struggling with this weather. liz: we appreciate that, mike. mike jackson, the ceo of autonation, the chairman as well. it is good to see you. the stock on an unbelievable tear over four years, up 530%. up 23% year over year. when we come back, much more ahead. we have a weaker market still. but not at the lows...
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Nov 21, 2012
11/12
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an extended thanksgiving break as washington is turning heads on wall street. just listen to mario this morning. >> if you have these guys in new york, mayor bloomberg, mayor booker, the governors, cuomo, christie, malloy, if they went on holiday while we had sandy, what would you do? we have an economic crisis. they're going home for thapnk giving. they're going to take a short break in december. yeah, we have to have a patch, but we have to have a fix. >> so does he have a point? is congress taking the fiscal cliff seriously enough? joining me right now, the man in charge at insurance broker willis group. joe is also on the fix the debt campaign. it's great to have you on the program. >> nice to see you again. >> thank you so much. we had this big rally in stocks on monday. on some rhetoric, i guess, that led investors to believe there was optimism we will get a deal done on this fiscal cliff. now they've left town. what do you think happens? >> i don't understand why there's not a sense of urgency. i agree with mario. i don't know that people appreciate the
an extended thanksgiving break as washington is turning heads on wall street. just listen to mario this morning. >> if you have these guys in new york, mayor bloomberg, mayor booker, the governors, cuomo, christie, malloy, if they went on holiday while we had sandy, what would you do? we have an economic crisis. they're going home for thapnk giving. they're going to take a short break in december. yeah, we have to have a patch, but we have to have a fix. >> so does he have a point?...
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Nov 28, 2012
11/12
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market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress asset management, is congress going to come through for your assets? >> well, i wish i had an inside scoop on that, but unfortunately, we're also left to speculate at this point. but i will say this. what's incredible about this market is the way the market moved up today, it's an instant polling network that the government can use, actually, to kind of float trial balloons to us and get a sense of what we think of their proposed actions. >> peter, that is so charming. you assume this government cares what you think. >> well, i like to think that. i do think th
market driven by headlines and bluster out of washington. yep, that's what investors should expect short term. maybe until january 1st. should they also expect a rally any time soon? according to ryan dieterich, rally could most definitely be headed our way. >> he joins us now to explain along with peter anderson from congress asset management company. bill mcvail from turner investment partners and our very own rick santelli. peter, i have to begin with you. with a name like congress...
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Nov 23, 2012
11/12
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washington. there you go. white house christmas tree 2012 being shipped in. back in a moment. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. you know it can be hard to lbreathe, and how that feels.e, and great values copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or
washington. there you go. white house christmas tree 2012 being shipped in. back in a moment. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. you know it can be hard to lbreathe, and how that feels.e, and great values copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways...
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Nov 1, 2012
11/12
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but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large stocks that you can quickly bring in to market so that you don't have to truck it from very far. at the end of the day, while a lot of drivers are having a hard time dealing with the shortages, hurricane sandy didn't hit oil production facilities like hurricanes in the past, like katrina did in the gulf of mexico. so while folks are struggling in the northeast, i definitely sympathize, the situation could have been a lot worse if it hit some of the bigger petroleum sector infrastructure systems. >> and so you said prices in some parts of the country
but secondly, there's been talking in washington, d.c. in the past about establishing federal or regional petroleum supply storage facilities, refined petroleum storage facilities. so we've got a national strategic petroleum reserve in the southeastern united states that holds crude oil. it makes a lot of sense to try and have additional federal storage areas. not of crude oil but of refined products like motor gasoline so that in the event of a tragedy like this, you've got some sort of large...